EPISODE · Mar 16, 2026 · 30 MIN
Could surging oil prices cause a global depression?
from The New Statesman Podcast, Subscriber Only Edition
Oil prices have spiked following the outbreak of war in Iran, with crude oil jumping to over £75 a barrel. This is having a huge impact around the world, and is set to get worse. Megan Gibson is joined by Rory Johnston, oil market researcher and author of the Commodity Context newsletter, who argues that this scenario could lead to a global depression.
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Could surging oil prices cause a global depression?
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This episode was published on March 16, 2026.
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